| Tariff Resources for Illinois Chambers Illinois Chamber Friends: We know you're hearing a lot on tariffs over the past several weeks. To attempt to simplify things a bit, we've broken out the different types of tariffs below and the products/businesses that will be affected in the short term. Feel free to share this with your membership, and let us know if you'd like any more info. Illinois Chamber Friends: We know you're hearing a lot on tariffs over the past several weeks. To attempt to simplify things a bit, we've broken out the different types of tariffs below and the products/businesses that will be affected in the short term. Feel free to share this with your membership, and let us know if you'd like any more info. Steel and Aluminum Tariffs On March 23, the White House imposed new import tariffs of 25% on steel and 10% on aluminum from most countries. Temporary reprieves for Canada, Mexico and the EU expired on June 1, effectively doubling the volume of imports subjected to tariffs. Courtesy of White & Case, here are the countries that are imposing counter-tariffs and the products they will be targeting:
On June 15, The White House released two lists of products imported from China that will be subject to 25% tariffs. China has responded with its list of U.S. products now subject to additional tariffs. List of products from China subject to new tariffs beginning July 6: https://ustr.gov/sites/ More products from China that may be subjected to tariffs starting in late July/early August: https://ustr.gov/sites/ List of U.S. products subject to new tariffs in China beginning July 6: https://www.cnbc.com/2018/04/ Additional Resources For updates on tariffs and the industries affected, please see this tracker from the Tax Foundation: https://taxfoundation.org/ Published: 06/22/18 |